Company Performance - Verizon Communications closed at $44.21, marking a +1.07% change from the prior day, outperforming the S&P 500's daily loss of 0.1% [1] - The upcoming earnings per share (EPS) is projected at $1.2, indicating a 0.84% increase year-over-year, with revenue expected to be $34.05 billion, reflecting a 2.15% increase compared to the same quarter last year [2] - Full-year Zacks Consensus Estimates predict earnings of $4.7 per share and revenue of $138.17 billion, representing year-over-year changes of +2.4% and +2.51% respectively [3] Analyst Forecasts - Recent revisions to analyst forecasts for Verizon are crucial as they indicate changing business trends, with upward revisions suggesting analysts' optimism about the company's profitability [4] - The Zacks Rank system, which incorporates estimate changes, currently ranks Verizon at 3 (Hold), indicating a neutral outlook [6] Valuation Metrics - Verizon is trading with a Forward P/E ratio of 9.3, which is a discount compared to the industry average Forward P/E of 21.29 [7] - The PEG ratio for Verizon is 3.37, aligning with the industry average, which also reflects the company's expected earnings growth trajectory [7] Industry Context - The Wireless National industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 171, placing it in the bottom 31% of over 250 industries [8]
Why the Market Dipped But Verizon Communications (VZ) Gained Today